Where can I find the audited opening balance sheet for Dryer Vent Squad?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
and the Initial | | | Franchise Fee is $35,000. | | | | | | Franchisee’s Operating Territory is comprised of a Double Territory and the Initial | | | Franchise Fee is $70,000. | | | | |
DVS Holdings, Inc.
Note to Balance Sheet
March 20, 2024
Note 1 - Nature of Business and Significant Accounting Policies
DVS Holdings, Inc. (the "Company") is organized in the state of New Jersey. The Company is a wholly owned and was formed November 15, 2023 (date of inception) for the purpose of purchasing and operating certain assets, as discussed in the subsequent events below.
Basis of Presentation
On March 15, 2024, the Company acquired certain assets of Dryer vent Squad Franchising, LLC. The primary reason for the acquisition was to acq
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 50–51)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad FDD, the audited opening balance sheet for DVS Holdings, Inc. can be found within Item 23, which pertains to receipts. Specifically, the balance sheet is accompanied by a note indicating the nature of the business and significant accounting policies. DVS Holdings, Inc. was formed on November 15, 2023, in New Jersey, for the purpose of purchasing and operating certain assets.
On March 15, 2024, DVS Holdings, Inc. acquired assets from Dryer Vent Squad Franchising, LLC, primarily to gain the rights to market, sell, and support Dryer Vent Squad franchises. As of the date the balance sheet was available, the assets and future royalties were valued in excess of $1,000,000.
Prospective franchisees can review this balance sheet to understand the financial position of DVS Holdings, Inc. at the time of acquisition and its valuation of the Dryer Vent Squad franchise system. This information can be useful in assessing the financial stability and potential risks associated with investing in a Dryer Vent Squad franchise.